Buying a home is one of the biggest steps you will take, and as a nurse you may have an advantage many buyers do not. With the right lender, many nurses can avoid Lenders Mortgage Insurance, buy with a smaller deposit, and have overtime and shift allowances counted toward how much they can borrow. It depends on your situation and the lender, so nothing is guaranteed. We compare more than 50 lenders and handle the heavy lifting.
| ▸ You may not need LMI. Many lenders may waive Lenders Mortgage Insurance for eligible nurses, which can save you thousands and let you buy sooner.
▸ Your full income may count. The right lender may count up to 100% of your overtime, shift penalties and allowances, not just your base pay. ▸ A smaller deposit can be enough. With an eligible lender, deposits as low as 5 to 10% may be possible. ▸ We handle the heavy lifting. We compare 50+ lenders and match the one whose nurse policy fits you. |
Often, yes, and it is one of the biggest advantages of being a nurse. Lenders Mortgage Insurance is the cost most buyers pay when their deposit is under 20%, and it protects the lender, not you. Many lenders may waive it for eligible nurses, because your profession is seen as stable and lower risk. That can save thousands and bring your purchase forward. It depends on your lender and your circumstances, so it is never automatic. This is a lender policy, not a government scheme, so it sits separately from the First Home Guarantee.
Less than many nurses expect. With an eligible lender, deposits as low as 5 to 10% may be possible, and with an LMI waiver you avoid the insurance cost that normally comes with a smaller deposit. Our borrowing power calculator gives you a first idea, then we confirm it with you.
Usually, yes. A HECS or student loan is common for nurses, and on its own it does not disqualify you from the waiver. It is one part of the bigger picture, alongside your income and your regular expenses. A HECS repayment does reduce how much you can borrow a little. We show you exactly how it affects your numbers before you apply.
Often they can, and for nurses this can make a real difference. A standard bank may only count part of your overtime and penalties. The right lender may count up to 100% of your overtime, shift penalties and allowances. Shift work and extra hours are a normal part of nursing, so it makes sense for a lender to read your income in full. Knowing which lenders do this is a large part of what we do for you.
It is worth asking, and it is one of the first things we check for you. Some lenders offer sharper pricing or fee reductions to eligible professionals, nurses included. It varies by lender and by your situation. We do not quote a rate here on purpose, because the real number depends on you. Ask us to check what you may be eligible for.
More than people assume. The benefits are not only for full-time hospital nurses. Casual, agency, part-time and even new-graduate nurses may qualify, depending on your employment history and the lender. If you have recently started, or you work through an agency, it does not automatically rule you out.
Usually, yes. The professional benefits generally extend across the nursing and midwifery field, including enrolled nurses, registered nurses, midwives and nurse practitioners. Current AHPRA registration is generally required. The exact list depends on the lender, so we confirm your profession qualifies before anything is lodged.
Simple, and we are with you at every step.
1 Enquire. Tell us a little about you, your work and what you are looking for.
2 Speak with an expert. We look at your income, your shifts and your goals.
3 Pre-approval. We match you to the right lender and confirm what you may be eligible for.
4 Sign documents. We prepare everything and guide you through it.
5 Settle. You get the keys, and we are still here afterwards in case you need anything in the future.
A single bank can only offer you its own one product, and an online calculator cannot read your roster. We sit between you and more than 50 lenders, on your side. We know which lenders waive LMI for nurses and count overtime and allowances in full. You deal with one person who keeps you informed, and we handle the heavy lifting: the paperwork, the lender conversations and the updates. Your best interests come first, every step of the way.
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Fill out some basic details in our simple online form.
Discuss your outlines and objectives with a Home Lending Specialist
Run through the products you are eligible for. Compare and contrast what suits you best.
Once satisfied with the approval after your Home Loan review, sign your documents online with our simplified process.
Your current loan will be paid out, and your new loan will commence.
Fill out some basic details in our simple online form.
Discuss your outlines and objectives with a Home Lending Specialist
Run through the products you are eligible for. Compare and contrast what suits you best.
Once satisfied with the approval after your Home Loan review, sign your documents online with our simplified process.
Your current loan will be paid out, and your new loan will commence.
Fill out some basic details in our simple online form.
Discuss your outlines and objectives with a Home Lending Specialist
Run through the products you are eligible for. Compare and contrast what suits you best.
Once satisfied with the approval after your Home Loan review, sign your documents online with our simplified process.
Your current loan will be paid out, and your new loan will commence.
as a Financial Services Group helping customers Australia wide
of processed applications for everyday Australians and SME businesses
customers provided with genuine, efficient service
Rated 5 out of 5 by our customers on Google
For nurses, LMI can often be waived or reduced! Unlike most buyers who face LMI with less than a 20% deposit, many lenders provide specific exemptions for nurses. This creates opportunities to purchase a home with only a 5% or 10% deposit, potentially saving you substantial LMI expenses.
Your borrowing capacity as a nurse depends on factors like your income, expenses, credit score and employment status. However, many lenders offer higher borrowing limits and special policies for eligible nurses. We will be able to go over this with you and find the best tailored loan option.
We work with lenders who accept nurses with as little as one day in their current role, offering flexibility across roles and specialities. A stable income and consistent work history in healthcare are the key requirements.
Yes. Lenders often consider your debt-to-income (DTI) ratio, not just the debt itself. Many nurses qualify even with student loans, especially if you have a consistent income and good credit.
Yes. Most lenders allow overtime, bonuses, and shift differential pay to count toward qualifying income.
